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Reply #9: True, but that;s not SS's fault [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
cuke Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 12:08 AM
Response to Reply #8
9. True, but that;s not SS's fault
Edited on Sat Nov-10-07 12:09 AM by cuke
SS was never meant to fully fund anyone's retirement. The intention was that it would provide 1/3, with another 1/3 provided by pensions, and another 1/3 provided by personal savings. The reason why the 2nd two are so hard to do is the result of the waning power of unions. The solution is to strengthen unions and not destroying SS with unfulfillable liabilities.

And Hillary's plan does include subsidies to encourage low wage workers to save. Granted, it's not extravagant, but $1000/yr ain't chicken feed either
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